Connect with us

Blockchain

Kurt Cobain’s last photoshoot to be auctioned off as NFT—but not everyone is pleased with the move

On May 3, photographer Jesse Frohman will launch an auction for over 100 images from the last photo session with legendary Nirvana frontman Kurt Cobain—all in the form of a non-fungible token (NFT).

The post Kurt Cobain’s last photoshoot to be auctioned off as NFT—but not everyone is pleased with the move appeared first on CryptoSlate.

Avatar

Published

on

On May 3, photographer Jesse Frohman will launch an auction for over 100 images from the last photo session with legendary Nirvana frontman Kurt Cobain—all in the form of a non-fungible token (NFT).

“Frohman’s paramount collection of images, contact sheets, and polaroids from The Last Session photoshoot in July 1993, including some never-before-seen. A set of 104 images sold as a single bundle to commemorate the legend’s iconic status,” said the description.

According to the auction’s website, “The Last Session” took place in July 1993—less than a year before Cobain committed suicide in early April next year—and effectively became his last photoshoot.

“Of course, I had no idea that this would be the last shoot that Kurt ever did. In fact, I didn’t know for a very long time that it was,” said Frohman in a video.

Memorial artifact of Kurt Cobain

The collection will be auctioned off as a single item in the form of an NFT—a non-interchangeable, one-of-a-kind crypto token that cannot be replicated, effectively serving as a digital certificate of authenticity and ownership.

“Over the past 27 years, The Last Session images have grown into the memorial artefact of Kurt Cobain, an intimate moment with one of the last great rock stars, a hero to the disaffected, and an enigma that will never be fully understood,” the website added.

Perhaps in line with that figure, the auction will begin on May 3 with a starting bid of 27.27 Ethereum—or roughly $75,000 at today’s prices. Collectors will be able to place their bid for four days—until May 7 at 6 pm ET.

Frohman added that an unspecified “portion” of the proceeds will go towards the Jed Foundation, a non-profit organization focused on emotional health and suicide prevention among teens and young adults in the U.S.

“New necromancy tool to profit off the dead”

Meanwhile, many users argued that Cobain, a free-spirited voice of a whole generation in times when corporations hadn’t yet taken over most aspects of our lives, likely won’t be happy to find out that he’s being posthumously monetized.

“Good job. Kurt was a huge fan of monetizing everything,” one user tweeted sarcastically, for example. “NFT is the new necromancy tool to profit off the dead. Cool,” another added.

Notably, Cobain himself pointed out back in the nineties that he is “not into salesmanship” and had no inclination to chase trends.

“What’s alternative? What’s counterculture? What’s cool? Who knows? Who cares? If chasing cool is important to you, you’re an idiot!” Cobain said in a 1991 interview, adding, “I’m not into ambition or salesmanship, we’re not some new trend. We never meant or tried to be cool, or be a ‘buzz’ band. It never even entered our minds.”

Ironically, now Cobain’s last photo session can be perceived as exactly the thing he rejected the most—a “cool” and “buzzy” trend fixated on massive sales figures.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Like what you see? Subscribe for updates.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptoslate.com/kurt-cobains-last-photoshoot-to-be-auctioned-off-as-nft-but-not-everyone-is-happy/

Blockchain

QAN Raises $2.1 Million in Venture Capital to Build DeFi Ecosystem

QANPlatform has successfully closed a $2.1 million funding round and it looks to build a quantum-resistant DeFi infrastructure.

Avatar

Published

on

QANPlatform – a project that is on a mission of building a quantum-resistant hybrid blockchain protocol, secured investment from various venture capital funds to build a DeFi ecosystem.

QAN Successfully Closes a Funding Round of $2.1 Million

The question of whether or not existing blockchain-based PoW networks would stand the test of a quantum computer is one that’s been discussed for quite some time. To this date, many believe that a quantum computer is the most serious threat to Bitcoin as it would be able to solve math problems a lot quicker compared to traditional mining machines.

In any case, in an attempt to tackle these issues, along with others, QANplatform has raised $2.1 million to fund the development of an ecosystem where developers would be capable of building various software applications within DeFi quicker.

Leading the round were the likes of DeltaHub Capital, BlackDragon, Insignius Capital, Fairum Ventures, and so forth.

Speaking on the matter was Johann Polecsak, co-founder and Chief Technical Officer at QANplatform, who said:

“Our key mission is to lower the entry barriers for developers so startups and enterprises can build their Proofs-of-Concept (PoC) and Minimum Viable Product (MVP) as fast as possible to reach mass adoption. We stick to this view and let only community-driven VCs invest in this strategic pool”

Quantum Computing and its Threats

According to a well-known report from one of the largest auditing and security service companies in the world – Deloitte, quantum computing does pose a threat to Bitcoin.

Of course, it’s important to factor in the possibility of such a computer being created and used for this particular purpose, but, in theory, it could cause damage, according to the experts.

For instance, there are around 4 million bitcoins that are potentially vulnerable to a quantum attack. Yet, there are plenty of things to keep in mind when thinking about this. For instance, it’s important to note that these are mostly p2pkh addresses, and only those which have never been used to spend bitcoins are safe because their public keys are not yet public. In other words – if one transfers their BTC to a new address, they should not be vulnerable to a quantum attack.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/qan-raises-1-8-million-in-venture-capital-to-build-defi-ecosystem/

Continue Reading

Blockchain

Balancer V2 is Live Promising Lower Fees and Improved Experience

Balancer V2 goes live today and it promises users lower fees and substantially improved user experience.

Avatar

Published

on

The automatic market maker (AMM) running on top of Ethereum, Balancer, announced that Version 2 of its platform is already live. It promises lower gas costs, a redesigned interface, and an enhanced user experience.

Balancer V2 Arrives

Built on Ethereum, Balancer is a DeFi protocol enabling users to trade ether and ERC-20 tokens in a trustless, permissionless environment. By providing liquidity to a Balancer pool, they can also earn a portion of the trading fees paid to the network for the use of their funds in the form of the native token BAL.

The team behind Balancer announced the arrival of its long-anticipated Version 2 platform in a press release shared with CryptoPotato. It comes with a new user interface, indicating that the user experience has been simplified.

The statement outlined there will be an easy-to-follow migration procedure for users to transfer their funds from Balancer V1 to V2, and it will be released as a full tutorial later.

The team believes that V1 will continue to “provide the best price until a substantial amount of liquidity migrates to V2.” At that point, Balancer expects trades to be routed through V2’s Protocol Vault resulting in “lower gas costs and better pricing.” The project’s estimations envision the fee reduction to be up to 50%.


ADVERTISEMENT

Multi-Sig and Liquidity Mining

The upgrade has signified Balancer Protocol’s transition to a community multi-sig for its governance execution. As a result, the new signers include Alexander Lange (Inflection), Fabien Marino (Snapshot Labs), Kain Warwick (Synthetix), Kevin Owocki (Gitcoin), Trent McConaghy (Ocean Protocol), and Mariano Conti (Ethereum).

They will be responsible for “executing all transactions passed as Snapshot as Balancer continues to be run by those who care most – the community.”

V2 will also provide a new and “more trustless program” for BAL liquidity mining. Upon its launch, liquidity providers (LPs) will be able to stake positions in different pools and receive BAL tokens.

Each pool will be assigned to one of three different tiers, with each tier slot getting a pre-determined amount of coins per week.

The team also informed that it will release further details in the following weeks on the “changing Balancer landscape.”

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/balancer-v2-is-live-promising-lower-fees-and-improved-experience/

Continue Reading

Blockchain

Palantir Accepts Bitcoin for Payments and Considers Adding BTC to Balance Sheet

Major software and analytics company Palantir is the latest to accept BTC and even considers adding it to its balance sheet.

Avatar

Published

on

Software & analytics company Palantir has announced that they will be accepting Bitcoin as a payment method. Palantir will also consider purchasing Bitcoin or other cryptocurrencies to store on their balance sheet.

Thiel Bets Big on Bitcoin

Peter Thiel, the co-founder of Palantir (and, notably, PayPal), has been a long-standing cryptocurrency advocate. The company announced that it now accepts BTC for payments and even considers adding it to its balance sheet.

As early as three years ago, Thiel has been seen investing in cryptocurrency mining startups, exchanges, and more, making a bid on the come-up of Bitcoin and blockchain technology.

Earlier today, Block.one (another Thiel-backed software company) announced a bold new venture: a new cryptocurrency exchange named ‘Bullish,’ backed by a whopping $10B in funding. Thiel Capital was one of the leaders in this funding round.

A Growing Trend

The air is changing: big companies are slowly warming up to cryptocurrency. What started with a wave of small underdogs, like the Ethereum Hotel in China, has blown up this year with a flood of large new players accepting Bitcoin – even tech giants like Tesla.


ADVERTISEMENT

As more companies join the trend and more investors start storing portions of their wealth in cryptocurrencies, there is a very real financial opportunity cost on the horizon for archaic companies that choose not to adopt what’s coming, as they risk alienating a large section of demand.

Whereas some firms are resistant to change due to the additional hiring and costs associated with adding cryptocurrency terminals, many are of the opinion that there will soon come a point where it becomes far more expensive not to accept Bitcoin as a payment method.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/palantir-accepts-bitcoin-for-payments-and-considers-adding-btc-to-balance-sheet/

Continue Reading

Blockchain

eBay Now Allows the Sale of NFTs on its Platform

One of the largest online marketplaces, eBay, now allows the sale of NFTs.

Avatar

Published

on

E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform.

  • According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips, images, or trading cards on its marketplace.
  • Meanwhile, the ability to list and sell NFTs would be open only to whitelisted sellers. This could mean that the platform may have an authentication protocol for listing NFTs.
  • The latest development comes on the heels of a recent statement made by eBay CEO Jamie Iannone, who said that the company was exploring the NFT sector.
  • Commenting on the company’s upcoming plans, Jordan Sweetman, eBay’s senior vice president, and General manager for the platform’s North American market, said:

“In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform.”

  • The NFTs industry continues to see increased adoption across different sectors, with celebrities and sports stars tapping into the NFT industry.
  • Meanwhile, eBay’s foray into the NFT sector is another indication of the growing e-commerce crypto and blockchain adoption. From PayPal to JD.com, online merchants are increasingly interfacing with the emerging tech.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/ebay-now-allows-the-sale-of-nfts-on-its-platform/

Continue Reading
SaaS11 mins ago

SaaS11 mins ago

SaaS12 mins ago

SaaS12 mins ago

SaaS12 mins ago

SaaS12 mins ago

SaaS12 mins ago

SaaS12 mins ago

SaaS12 mins ago

SaaS12 mins ago

Bioengineer36 mins ago

NTU study of ancient corals in Indonesia reveals slowest earthquake ever recorded

PR Newswire36 mins ago

Zymo Research veröffentlicht Open-Source-Bioinformatik-Pipeline für die Erkennung von SARS-CoV-2-Varianten in Abwässern

Cleantech37 mins ago

California Governor Gavin Newsom Expands Drought Declaration to 41 Counties

NEWATLAS46 mins ago

World’s smallest single-chip system can be injected into the body

PR Newswire48 mins ago

HTC VIVE Takes Business and Consumer VR to the Next Level with Two New VR Headsets and a Dedicated Suite of Professional Tools

Blockchain50 mins ago

QAN Raises $2.1 Million in Venture Capital to Build DeFi Ecosystem

Blockchain51 mins ago

Balancer V2 is Live Promising Lower Fees and Improved Experience

Blockchain51 mins ago

Palantir Accepts Bitcoin for Payments and Considers Adding BTC to Balance Sheet

Blockchain51 mins ago

eBay Now Allows the Sale of NFTs on its Platform

Blockchain52 mins ago

Hackers Attack Instagram Accounts in Malta and Require Bitcoin Ransom

Aviation57 mins ago

Australia’s Borders May Not Fully Reopen Until Mid-2022

Blockchain58 mins ago

Mining Bitcoin: How to Mine Bitcoin

Automotive58 mins ago

New Tesla Model S Plaid photos reveal small update to the yoke steering wheel

PR Newswire58 mins ago

Global Ammonium Carbonate Market- Avantor Inc., BASF SE, HAYAKAWA & Co. Ltd., among others to contribute to the market growth

PR Newswire59 mins ago

Dodge & Cox lanserar Dodge & Cox Worldwide Funds Emerging Markets Stock Fund

Blockchain1 hour ago

eBay now NFT marketplace

Blockchain1 hour ago

Yearn Finance surges 45% as it joins dog pack with WOOFY

PR Newswire1 hour ago

Acronis Cyber Foundation expande a presença para o Peru, abrindo sua primeira sala de aula de informática na região

PR Newswire1 hour ago

Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2021

Blockchain1 hour ago

CryptoPunks NFTs Sell For $16.9 Million At Christie’s Auction

Trending